How Crypto Is Taxed in Canada
The Canada Revenue Agency (CRA) treats cryptocurrency as a commodity. When you sell, swap, or spend crypto, it creates a taxable event. Capital gains from crypto dispositions are reported on Schedule 3, and 50% of the gain is included in your taxable income under current law. If crypto activity is your primary source of income, the CRA may treat it as business income instead, which is fully taxable.
Adjusted cost base (ACB)
Canada generally uses adjusted cost base for calculating capital gains on crypto-assets. ACB is the weighted average cost of all units of a particular asset. Each time you buy more, the ACB is recalculated across all holdings. DYOR.tax currently generates a FIFO-based transaction schedule and Canadian filing summary, so review ACB treatment before filing and adjust where needed.
- ACB review: ACB is not the same as FIFO. Use the transaction schedule to review pooled ACB treatment before filing, especially if you have repeated buys of the same asset.
- Superficial loss rule: If you sell crypto at a loss and repurchase the same asset within 30 days (before or after the sale), the CRA may deny the loss under the superficial loss rule. Our reports flag potential superficial losses so you can review them.
- Crypto-to-crypto swaps: Swapping one cryptocurrency for another is a taxable disposition. The proceeds are the fair market value of what you received at the time of the swap.
- FX conversion: All values are converted to Canadian dollars (CAD) using historical daily exchange rates from the ECB.
Capital gains inclusion rate
Under current law, 50% of capital gains are included in taxable income. The 2024 federal budget proposed increasing this to 2/3 for gains over $250,000 per year, but Budget 2025 confirmed the government did not proceed with the proposed increase. DYOR.tax applies the standard 50% inclusion rate.
What you need to report
Capital gains and losses go on Schedule 3 (Capital Gains or Losses) of your T1 return. Crypto income from staking, mining, and airdrops is reported as either business income or other income, depending on your circumstances.
The filing deadline for most individuals is April 30. If you or your spouse are self-employed, the deadline extends to June 15, but any balance owing is still due by April 30.
What's in the report
Your paid PDF includes a capital gains filing table mapped to Schedule 3, a crypto income summary for staking and rewards, top assets by P&L, end-of-year holdings with cost basis, and a complete transaction audit trail. All values shown in CAD with the historical exchange rate applied.
DeFi, wallets, and Bitcoin
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Canada crypto tax deadline
The CRA filing deadline for the 2025 tax year is April 30, 2026. See Canada crypto tax deadline 2026 for key dates, Schedule 3 requirements, and penalty details.
Other countries and calculators
We also generate country-specific reports for the US, UK, Australia, New Zealand, India, and South Africa. We support Coinbase (35+ transaction types), Binance (75+ operations), and Kraken (ledger format with refid pairing). If your records came from a different exchange, see our Crypto.com, Gemini, Bitstamp, or KuCoin pages for the right export steps.